Exploration Update - Warrentinna Drilling Results

28 September 2011

                               GREATLAND GOLD PLC

                               Exploration Update

                          Warrentinna Drilling Results


Greatland  Gold  plc  (the  "Company"),  the mineral exploration and development
company  focused on gold  projects in Tasmania  and Western Australia, announces
results from drilling at its Warrentinna project in Tasmania.

Analyses  of single metre mineralised intercepts have been received with results
including 2m at 10.64g/t gold.


Warrentinna

As  previously announced  a program  of Reverse  Circulation ("RC") drilling was
completed  at the  Derby North  prospect earlier  this year.  All RC  holes were
drilled  to a maximum depth of 102m and  angled at 60 degrees. Drill hole collar
details  are presented  in Table  1. Initial 4m composite  sampling of all drill
holes  has been completed and  results reported during May.  A copy of the Derby
North Drillhole Plan can be downloaded from the following web address:



http://www.greatlandgold.com/pdfs/20110720col.pdf

Single  metre sampling of  mineralised 4m composites has  now been completed and
results received.

                              Table 1 - RC Collars

+------------------------------------------------------------------------------+
| Hole ID    Prospect      East     North       Dip       Azimuth    Depth (m) |
|                                            (degrees)   (degrees)             |
+------------------------------------------------------------------------------+
|                                                                              |
| WTR021    Derby North   561648   5447305      -60         090         100    |
|                                                                              |
| WTR022    Derby North   561602   5447301      -60         090         102    |
|                                                                              |
| WTR023    Derby North   561555   5447302      -60         090         100    |
|                                                                              |
| WTR024    Derby North   561657   5447381      -60         090         100    |
|                                                                              |
| WTR025    Derby North   561582   5447350      -60         090         100    |
|                                                                              |
| WTR026    Derby North   561627   5447349      -60         090         100    |
|                                                                              |
| WTR027    Derby North   561602   5447327      -60         090         99     |
|                                                                              |
|                                                                              |
+------------------------------------------------------------------------------+
Co-ordinates - ADG66 ZONE55


The  highest single metre result (unaveraged) was 15.94g/t gold from 89m in hole
WTR026  in an overall  intercept of 3m at  9.34g/t gold from 89m including 2m at
10.64g/t gold from 89m. Significant results are presented in Table 2.

                   Table 2 - RC Drill Results (>1.0g/t gold)


+---------------------------------------------------------+
| Hole ID   From   To    Au ppm   Au rpt ppm   Au ave ppm |
+---------------------------------------------------------+
|                                                         |
|                                                         |
| WTR023     73    74    3.512      1.842        2.677    |
|                                                         |
|                                                         |
|                                                         |
| WTR024     37    38    1.264      1.869        1.567    |
|                                                         |
|                                                         |
|                                                         |
| WTR024     54    55    1.167      1.060        1.114    |
|                                                         |
|                                                         |
|                                                         |
| WTR024     57    58    1.317        -          1.317    |
|                                                         |
| WTR024     58    59    3.106      3.128        3.117    |
|                                                         |
| WTR024     59    60    1.465        -          1.465    |
|                                                         |
| WTR024     60    61    1.528        -          1.528    |
|                                                         |
|                                                         |
|                                                         |
| WTR026     80    81    1.188        -          1.188    |
|                                                         |
|                                                         |
|                                                         |
| WTR026     82    83    6.980      6.537        6.759    |
|                                                         |
| WTR026     83    84    2.220      3.592        2.906    |
|                                                         |
| WTR026     84    85    1.969      1.351         1.66    |
|                                                         |
|                                                         |
|                                                         |
| WTR026     87    88    1.746        -          1.746    |
|                                                         |
| WTR026     88    89    8.622      7.770        8.196    |
|                                                         |
| WTR026     89    90    10.224     15.942       13.083   |
|                                                         |
| WTR026     90    91    5.595      7.892        6.744    |
|                                                         |
|                                                         |
|                                                         |
| WTR026     98    99    1.373      1.453        1.413    |
|                                                         |
| WTR026     99    100   2.304      1.921        2.113    |
+---------------------------------------------------------+


It  has  been  noted  that  hole  WTR026  bottomed in mineralisation at 100m and
remains open at depth. Also WTR026 lies adjacent to WTR013 previously drilled by
the   Company   that   intersected   5m at   29.26g/t gold   from   36m. Initial
interpretation  of  results  suggests  that  drilling  has  intersected  an east
plunging high grade shoot which remains open at depth.

All  drillhole data will be merged into the Company's database and modelled. The
likely  plunge of  the high  grade shoots  will be  determined and identified as
future drill targets.


Corporate

Callum  Baxter, CEO, commented: "Ongoing high grade results from Warrentinna are
welcome  and the Derby North area has  the potential to add open pittable ounces
to  the Company's resource  base. To advance  the property our current preferred
option  is via a Joint Venture arrangement  with a third party. The Company will
actively  seek a  suitable partner.   The board  is aware  of the current market
volatility which may persist in the near term. The Company has approximately £1m
cash at hand to continue operations.


Competent Persons


The  information in  this announcement  that relates  to exploration  results is
based  on information compiled by Mr Paul Askins and Mr Callum Baxter, directors
of  Greatland Gold plc,  who are both  members of the  Australasian Institute of
Mining  and Metallurgy. Paul Askins and Callum Baxter have sufficient experience
which  is relevant  to the  style of  mineralisation and  type of  deposit under
consideration  and  to  the  activity  that  they  are undertaking to qualify as
Competent  Persons as defined in the  2004 Edition of the 'Australasian Code for
Reporting  of  Exploration  Results,  Mineral  Resources and Ore Reserves'. Paul
Askins  and Callum Baxter  consent to the  inclusion in the  announcement of the
matters based on their information in the form and context in which it appears.

All  RC drill sample  results were obtained  from 1m composite spear sampling to
4kg. All  samples  were  prepared  at  Genalysis  Laboratory  Services' Adelaide
facility  using single stage pulverisation,  and assayed at Genalysis Laboratory
Services' Perth laboratory. A 50g Fire Assay with atomic absorption spectrometry
analysis technique (AAS) was used for gold.

Sample  quality  control  is  achieved  using standards, duplicates, repeats and
blanks.

Where   the   Company   has  made  reference  to  drill  intersections  in  this
announcement, it has interpreted these are at, or near, true widths.



Enquiries:


Greatland Gold plc
Callum Baxter
Tel  [phone]
Email:  [e-mail]
www.greatlandgold.com


Grant Thornton Corporate Finance
Gerry Beaney / Colin Aaronson
Tel  [phone]









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Source: Greatland Gold PLC via Thomson Reuters ONE

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